- 21Shares expands European footprint with three new ETP listings on Nasdaq Stockholm.
- 21Shares Bitcoin Core ETP offers low 0.21% management fee making it a cost-effective option.
- European institutions show interest in cryptocurrency investments through Sol and XRP ETPs.
21Shares AG a leading issuer of cryptocurrency exchange-traded products (ETPs) has disclosed the Nasdaq Stockholm listing of their three fundamental crypto-backed ETPs. The firm enhances its European market reach by offering regulated and transparent crypto investment solutions to increase investor demand. The newly listed products consist of the 21Shares Bitcoin Core ETP (CBTC), the 21Shares Solana Staking ETP (ASOL) and the 21Shares XRP ETP (AXRP).
Expanding European Footprint with Key Crypto ETPs
Launching three crypto ETPs expands 21Shares‘ management of over $7.5 billion assets while extending its European business operations. The firm operates products through major exchanges like the Nasdaq, Euronext Amsterdam and the SIX Swiss Exchange. Nasdaq Stockholm now hosts these new products as part of 21Shares’ strategy to increase access to the crypto market in the Nordic region.
Through the 21Shares Bitcoin Core ETP (CBTC), investors can directly hold the physically back Bitcoin (BTC), one of the largest cryptocurrencies by market capitalization. The 0.21% management fee of CBTC positions it as one of the least expensive Bitcoin ETPs offered in European markets. Additionally, the firm’s Solana Staking ETP (ASOL) provides investors access to staking rewards and gaining Solana exposure.
The substantial growth experienced by the Solana blockchain in sectors like gaming, finance and identity protection makes this a valuable product for those interested in innovations. The firm’s XRP ETP (AXRP) allows investors to gain regulated exposure to XRP, which is critical in facilitating cross-border payments.
Institutional Crypto Adoption in Europe
Europeans show increasing interest in crypto ETPs while institutional investors continue their new adoption trend. Markets in Crypto-Assets regulatory framework implementation provides increased investor confidence which drives market entry into crypto assets. The firm leads this trend by developing new products to cater to rising client demand from institutional and retail investors.
Mandy Chiu, Head of Financial Product Development at 21Shares, emphasized that the company remains committed to meeting the growing demand for crypto exposure. “This year represents a breakthrough moment for crypto in Europe, with increasing confidence driven by the MiCA regulatory framework and a significant rise in institutional participation,” Chiu said.
Helena Wedin, the Head of ETF and ETP, European Markets at Nasdaq, concurred with Chiu’s sentiments. “As the market for crypto ETPs continues to expand, we are pleased to provide investors with more locally listed, cost-efficient, and innovative products,” Wedin stated. These changes signal the continued evolution of Nasdaq’s mission of offering more exposure to crypto investment products in Europe.
